Home Improvement and Construction Loan Program

In Ecuador, ineligibility for bank loans due to low incomes combined with extremely high interest rates make most loans inaccessible to the majority of workers. This means many workers are unable to buy land or make necessary home improvements. Hoja Verde, recognizing a critical need in the community, implemented a program that provides their workers with loans at low, feasible interest rates. With a an annual interest rate of 1 percent and maximum monthly payments of 65 US dollars (2012), Hoja Verde workers can purchase land, build new homes, and make home improvements without falling into crippling debt.